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After trying to beat $70k and repeatedly failing, Bitcoin finally did the deed over the weekend and is now very safely into seventy-k territory. It has moved hundreds of percent higher over the past couple of years, and the question now is when the sellers will overwhelm the buyers. That’s the trick about lifetime highs: it’s pure musical chairs at this point.
The wedge patterns below are doing what I was hoping during my ETF overview this weekend. Or, more precisely, the prices’ relationships with these patterns are. Let’s just agree, it’s a step in the right direction:
Nice symmetrical setup in biotech. Continuation or a bullish breakout? SPDR Biotech $XBI is currently a momentum leader, on par with broad tech funds at the moment.
